The amount of negative-yielding bonds globally have jumped 47% to more than $12 trillion this year as signs that the Federal Reserve and the European Central Bank will ease spurred a bond rally.
PETALING JAYA: Malaysia’s total government bond value hit US$179bil (RM727bil) as at end-2018 and rose by nearly 10% year-on-year, despite the government’s earlier pledge to slash the ballooning federal government debt.
According to Asian Development Bank’s (ADB) latest quarterly Asia Bond Monitor, the strong growth in government bonds last year was mainly because issuance volume has exceeded maturity.
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